A loan of 16.3 billion FCFA in Cameroon for the realization of a hydrometric project.
The World Bank (WB) has granted a loan of 16.3 billion CFA francs to Cameroon for the financing of the Sanaga River Hydroelectric Development Technical Assistance Project. Financial assistance following a decree by the President of the Republic Paul Biya, empowering the Minister of Economy, Planning and Spatial Planning to sign with the International Development Association (IDA), a subsidiary of the Bank world, a credit agreement in this direction. Financial resources to cover the three main components.
Component 1 is reserved for the financing of the technical assistance needed to select and develop a large hydroelectric site on the Sanaga using a public-private partnership (PPP) model whose private partner will be recruited on a competitive basis. It is a question for the initiators of the project, to involve all the skills in order to give themselves the means necessary for its realization.
In this perspective, Component 2 will contribute substantially to strengthening the Government’s capacity to fulfill its responsibilities during the construction of the Nachtigal Hydropower Project with a capacity of 420 Megawatts (MW) on the Sanaga River. This will include assisting government entities to monitor the construction of the project and the implementation of the Environmental and Social Management Plan (ESMP).
Component 3 focuses on financing a number of analytical work for the design of a long-term strategy to mitigate hydrological risks and protect Cameroon from climate risks and volatile production costs. ‘electricity.
